Further to our announcement of 12 March 2020, regarding the assessment of the financial impact of the Coronavirus (COVID-19) pandemic, Vassiliko Cement Works Public Company Ltd announces that despite that the distribution of the Company’s products continues, the pandemic has already affected the Company’s sales.


The regulatory measures which have been imposed by the authorities, in order to contain and mitigate the impact on the health of the citizens, will have a major impact on the real economy and the construction sector and consequently on the Company’s sales for the remaining of the year. As a result, it is expected to have a significant deterioration of the Company’s financial results for the remaining three quarters of the year.  


Vassiliko Cement Works Public Company Ltd has taken all the necessary measures for the protection of its employees, its customers and its suppliers, from any possible exposure to the Coronavirus, as well as to safeguard its activities and mitigate the negative impact on its financial results.


6 April 2020